Craneware wins sizeable contract extension from US hospital operator

Maryam Cockar Sharecast | 23 Mar, 2017 12:47 - Updated: 13:47 | | |

doctors, medical, hospital, health, Glaxosmithkline
  • 1,272.50
  • -0.00%-0.00
  • Max: 1,272.50
  • Min: 1,272.50
  • Volume: 4,335
  • MM 200 : n/a
17:30 24/07/17
  • 2,062.45
  • 0.21%4.33
  • Max: 2,062.45
  • Min: 2,032.94
  • Volume: 0
  • MM 200 : n/a
17:21 24/07/17
  • 969.57
  • -0.01%-0.13
  • Max: 971.58
  • Min: 968.40
  • Volume: 0
  • MM 200 : n/a
17:30 24/07/17
  • 4,863.15
  • -0.11%-5.53
  • Max: 4,880.90
  • Min: 4,855.82
  • Volume: 0
  • MM 200 : n/a
17:30 24/07/17

Craneware which is specialises in software for healthcare billing, has won a “significant” contract extension from a US hospital operator.

The new contract with the existing client will add Craneware's value cycle solutions and related services to a seven-year contract originally won in April 2014.

The AIM-listed company expects the new contract will deliver a further $3.7m of revenue over a new seven year term as the hospital network roll out these additional solutions across its facilities.

It will also add $1.5m of revenue as the deal for the currently implemented solutions is extended to run along the new contract.

Chief executive Keith Neilson said: "The extension of the solution set provided to this customer and increasing the duration of the original contract underlines the value our solutions bring to our customers.

“We have a very positive relationship with our customers, demonstrating sustainable value; we now look forward to this extension of our working relationship with this customer to over a decade."

More news

19:02 UK to invest £246m in research and development into energy storage

On Monday, redT energy reported a £246m investment from the Department of Business, Energy and Industrial Strategy (BEIS) to aid in energy storage in the UK.

18:16 FTSE 250 movers: Miners Acacia and Petra dig midcaps deeper

The FTSE 250 fell on Monday, though not as much as its larger sibling, with two miners leading the retreat.

17:55 London close: FTSE ends in the red as airlines hit by Ryanair Brexit warning

London stocks ended in the red on Monday, with airlines under the cosh as Ryanair warned over the potential fallout from Brexit.

17:39 Europe close: Stocks end mostly lower as autos skid

European stocks ended mostly lower on Monday, with autos under the cosh as investors digested the latest data on the eurozone manufacturing and services sectors.

17:03 Tuesday preview: Provident Financial in focus, though Victrex could surprise

Tuesday will see the number of companies reporting step up before the throttle is turned right up later in the week, with Croda International, Informa and Segro joined by sub-prime lender Provident Financial following its recent profit warning.

17:49 Acacia Mining hit with USD190bn tax bill from Tanzanian government

Acacia Mining has been sent a tax bill from the Tanzanian authorities totalling around $190bn for unpaid tax and penalties from its Bulyanhulu and Buzwagi mines in the country, which the London-listed company disputes.

15:55 Tesco to launch same day grocery delivery service across UK

Tesco announced on Monday that it will be launching its same day online grocery delivery service across the entire UK from next month.

15:43 US open: Stocks mostly lower as investors eye Alphabet earnings

US stocks were trading mostly lower on Monday as investors awaited corporate news from the likes of Alphabet ahead of what promises to be a busy week on the earnings front.

15:36 FTSE 100 movers: Burberry in fashion as Frere lifts stake; easyjet descends

Burberry shares spiked on Monday afternoon after billionaire Albert Frere lifted his stake in the high-end fashion retailer to 4% from 3%.

15:23 US existing home sales drop more than expected in June

Sales of US existing homes fell more than expected in June, according to data from the National Association of Realtors.